Spanish Banks May Be Hiding Losses

Spanish banks may be hiding losses, as the country’s real estate collapse may be worse than commonly believed, according to Variant Perception.

21 Aug 2009

Spanish banks may be hiding losses, as the country’s real estate collapse may be worse than commonly believed, according to Variant Perception. The economic analyst stated in a report that Spanish banks may not be marking their real estate loans to market and are extending credit to zombie
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